Toronto Regional Real Estate Board Market Report - August 2026

Toronto Regional Real Estate Board — August 2026

In August 2026, the Toronto real estate market sees a composite benchmark price of $1,228,600, with total sales dropping to 9 from 16 in July. The average price for properties sold this month stands at $1,951,637, reflecting a year-over-year price decline of 2.4%.

Market Analysis

The Toronto real estate market is currently characterized as a buyer's market, with a months of inventory (MOI) at 7.8, indicating that supply is outpacing demand. The total number of active listings has remained relatively stable at 70, while new listings increased to 31 this month. The sales-to-new-listings ratio (SNLR) is at 29.0%, suggesting that only a fraction of new listings are being absorbed by buyers, further reinforcing the buyer's market conditions.

Property Type Analysis

Due to the limited data available for property types this month, specific benchmarks and sales figures for detached, attached/townhouse, and apartment properties are not reported. However, the overall market dynamics suggest that all property types are experiencing similar pressures from the current buyer-focused environment.

Regional Highlights

Regionally, the market is showing signs of stabilization with a slight decrease in benchmark prices compared to July's $1,231,000. The increase in new listings may provide more options for buyers, but the low sales volume indicates that many potential buyers are still cautious in their purchasing decisions.

For Buyers

For buyers navigating the current market, it is essential to take advantage of the increased inventory and negotiate effectively. With the current buyer's market conditions, there may be opportunities to secure properties below asking prices, especially with the recent decline in average prices.

For Sellers

Sellers should be mindful of the current market dynamics and price their properties competitively to attract buyers. With a higher MOI and a lower SNLR, it is crucial to present homes in the best possible condition and consider strategic pricing to facilitate quicker sales.